you have not much choice to not support them..........................
You will never stop using Essilor products.
It is not just Coastal Canada, they own they own a minimum of about 14 on-line websites in different countries.
They own a lot of optical manufacturing companies that still run under their previous name and show no Essilor ownership.
Essilor manufactures top notch optical goods in lenses, frames and optical machinery. So you have not much choice to not support them.
Did I need to be more specific? We do not use any Essilor brands as much as we have the ability to. We don't sell Essilor branded products. If Essilor owns or has ownership in SOMO lenses that we sometimes use for stock lenses that's not the point. Pretty sure everyone here is on the same page here.Originally Posted by Chris Ryser
I use Hoya products for surfaced and Centennial Optical for uncuts. Does Essilor own Hoya or Centennial Optical Chris?
So you are ignoring them and that is your right
So you are ignoring them and that is your right to do so, and say so. However actual participation on OptiBoard by Canadians seems to be very limited. Would be interesting to hear more comments.
Essilor, Zeiss, Nikon, Shamir, they all sell lenses online. Hoya are not there yet.
Essilor eyes developing markets with $430M purchase of Clearly Contacts
Essilor International is eyeing a rapid expansion into developing markets over the next few years and the recently approved $430-million friendly takeover of Canada's Coastal.com will help it reach that objective, says the head of the company's North American operations.
France-based Essilor, the world's largest maker of prescription eyewear, estimates that almost half of the world's population in need of vision correction — or about 2.5 billion people — do not have access to contact lenses or glasses.
And that's why it anticipates the most growth for the company will be in countries like China, Brazil, India and Indonesia, where there is strong demand but not necessarily availability.
- See more at: http://www.timescolonist.com/essilor....l9Zi45Z3.dpuf
I would hazard a guess that we three O’s know very little about high corporate finance. Many big companies continue to buy unprofitable businesses for many reasons… future tax deductibilities, increasing market share, elimination of competition, etc.
Mega companies have also developed specific strategies to avoid hostile takeovers of their operations by many means… taking on massive amounts of debt, issuing corporate poison pills, share buybacks, increasing stock dividends to keep share price high… anything to help keep hostile corporate raiders at bay.
And with the potential for inexpensive eyeglass sales in 3rd world countries, I am sure E’s buying of CC will pay off over time.
maybe it already has....since the cc purchase, E's stock price has shot up quite a bit......
What was it worth to have a legalized base of operations in Canada, as well as government regulatory co-operation to break down the dispensing laws ?
Experience, learning scale..........
Expierience, learning scale.................. for use elsewhere around the globe
I was told verbally in person by their top dog that the Canadian market due to it's size, uniqueness and diversity is their testing ground for all other global markets.
translation = how to drive a bulldozer through regulations
When one has 78% market share and is the largest financial supporter to these associations and regulators for their own survival, seems more of a conflict of interest to me. Good ole fashioned politics at its finest.
and the largest Canadian political power house is ?
Figure it out.
It doesn't start with an "e"
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